Can I retire at age 40 with 9,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$809,275$802,066$795,033$788,169$781,466$756,148
2 years$400,631$393,170$385,938$378,927$372,127$346,857
3 years$264,434$256,941$249,728$242,782$236,092$211,664
4 years$196,349$188,879$181,738$174,911$168,383$144,983
5 years$155,509$148,083$141,036$134,348$128,002$105,693
6 years$128,291$120,921$113,978$107,440$101,284$80,084
7 years$108,857$101,549$94,716$88,332$82,371$62,278
8 years$94,288$87,047$80,327$74,099$68,335$49,334
9 years$82,963$75,790$69,186$63,116$57,548$39,618
10 years$73,908$66,805$60,318$54,407$49,033$32,147
11 years$66,505$59,472$53,103$47,350$42,170$26,296
12 years$60,339$53,379$47,127$41,533$36,544$21,647
13 years$55,126$48,239$42,105$36,667$31,867$17,910
14 years$50,662$43,848$37,832$32,549$27,934$14,880
15 years$46,797$40,056$34,157$29,028$24,596$12,403
16 years$43,418$36,751$30,968$25,991$21,738$10,367
17 years$40,439$33,846$28,180$23,353$19,274$8,685
18 years$37,795$31,275$25,725$21,046$17,138$7,289
19 years$35,431$28,986$23,550$19,017$15,275$6,127
20 years$33,307$26,935$21,613$17,223$13,644$5,157
21 years$31,388$25,089$19,879$15,631$12,210$4,345
22 years$29,645$23,419$18,322$14,212$10,944$3,664
23 years$28,056$21,904$16,917$12,943$9,824$3,093
24 years$26,602$20,522$15,645$11,805$8,830$2,612
25 years$25,266$19,259$14,491$10,781$7,946$2,207
26 years$24,035$18,101$13,440$9,858$7,157$1,866
27 years$22,897$17,035$12,480$9,023$6,453$1,578
28 years$21,842$16,052$11,602$8,267$5,823$1,335
29 years$20,862$15,143$10,796$7,581$5,258$1,130
30 years$19,949$14,301$10,056$6,958$4,751$956
31 years$19,096$13,519$9,375$6,390$4,295$809
32 years$18,298$12,792$8,747$5,872$3,885$685
33 years$17,550$12,114$8,167$5,400$3,516$580
34 years$16,848$11,481$7,631$4,969$3,183$491
35 years$16,187$10,890$7,135$4,574$2,883$416
36 years$15,565$10,336$6,674$4,213$2,612$353
37 years$14,977$9,817$6,247$3,881$2,368$299
38 years$14,422$9,330$5,850$3,577$2,147$253
39 years$13,896$8,872$5,481$3,299$1,947$214
40 years$13,398$8,441$5,137$3,042$1,766$182
41 years$12,926$8,035$4,817$2,807$1,602$154
42 years$12,477$7,652$4,519$2,591$1,454$130
43 years$12,050$7,291$4,240$2,391$1,319$110
44 years$11,644$6,950$3,980$2,208$1,197$94
45 years$11,257$6,627$3,737$2,039$1,087$79
46 years$10,888$6,322$3,510$1,884$987$67
47 years$10,535$6,033$3,298$1,740$896$57
48 years$10,198$5,759$3,099$1,608$814$48
49 years$9,876$5,500$2,913$1,486$739$41
50 years$9,568$5,254$2,738$1,374$671$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,800,000, adding $4,803 every year, while hoping to spend $57,851 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 79/14/7 Blend
39$9,800,000$9,800,000$9,800,000$9,800,000
40$10,804,554$10,285,154$10,133,254$11,649,352
41$11,845,066$10,727,574$10,411,165$12,646,251
42$12,989,771$11,189,733$10,696,447$13,731,494
43$14,249,235$11,672,538$10,989,286$14,920,228
44$15,635,102$12,176,937$11,289,873$16,222,744
45$17,160,200$12,703,924$11,598,400$17,650,368
46$18,838,662$13,254,539$11,915,069$19,215,573
47$20,686,064$13,829,869$12,240,082$20,932,094
48$22,719,565$14,431,055$12,573,647$22,815,050
49$24,958,074$15,059,290$12,915,977$24,881,096
50$27,422,426$15,715,824$13,267,291$27,148,569
51$30,135,579$16,401,965$13,627,811$29,637,665
52$33,122,829$17,119,082$13,997,764$32,370,622
53$36,412,051$17,868,611$14,377,383$35,371,938
54$40,033,962$18,652,054$14,766,906$38,668,590
55$44,022,405$19,470,984$15,166,577$42,290,292
56$48,414,676$20,327,049$15,576,643$46,269,772
57$53,251,872$21,221,973$15,997,359$50,643,080
58$58,579,277$22,157,563$16,428,985$55,449,925
59$64,446,792$23,135,713$16,871,785$60,734,047
60$70,909,405$24,158,403$17,326,030$66,543,627
61$78,027,710$25,227,710$17,791,997$72,931,743
62$85,868,476$26,345,808$18,269,969$79,956,864
63$94,505,282$27,514,973$18,760,234$87,683,400
64$104,019,205$28,737,592$19,263,087$96,182,309
65$114,499,592$30,016,162$19,778,828$105,531,762
66$126,044,897$31,353,300$20,307,765$115,817,878
67$138,763,613$32,751,749$20,850,212$127,135,535
68$152,775,296$34,214,378$21,406,488$139,589,261
69$168,211,690$35,744,197$21,976,920$153,294,216
70$185,217,976$37,344,356$22,561,840$168,377,279
71$203,954,137$39,018,157$23,161,589$184,978,238
72$224,596,471$40,769,058$23,776,514$203,251,106
73$247,339,251$42,600,682$24,406,967$223,365,573
74$272,396,564$44,516,825$25,053,310$245,508,602
75$300,004,327$46,521,463$25,715,909$269,886,190
76$330,422,516$48,618,762$26,395,140$296,725,305
77$363,937,619$50,813,089$27,091,384$326,276,028
78$400,865,342$53,109,015$27,805,031$358,813,905
79$441,553,584$55,511,334$28,536,476$394,642,544
80$486,385,725$58,025,065$29,286,124$434,096,475
81$535,784,246$60,655,471$30,054,386$477,544,304
82$590,214,712$63,408,062$30,841,681$525,392,184
83$650,190,171$66,288,615$31,648,436$578,087,642
84$716,275,993$69,303,182$32,475,083$636,123,801
85$789,095,212$72,458,105$33,322,066$700,044,024
86$869,334,402$75,760,030$34,189,833$770,447,039
87$957,750,160$79,215,921$35,078,842$847,992,580
88$1,055,176,251$82,833,076$35,989,558$933,407,612
89$1,162,531,474$86,619,142$36,922,453$1,027,493,182
90$1,280,828,338$90,582,133$37,878,009$1,131,131,972
91$1,411,182,619$94,730,449$38,856,713$1,245,296,624
92$1,554,823,896$99,072,890$39,859,062$1,371,058,913
93$1,713,107,153$103,618,681$40,885,561$1,509,599,854
94$1,887,525,576$108,377,490$41,936,720$1,662,220,843
95$2,079,724,645$113,359,447$43,013,061$1,830,355,928
96$2,291,517,670$118,575,172$44,115,109$2,015,585,337
97$2,524,902,908$124,035,791$45,243,402$2,219,650,390
98$2,782,082,430$129,752,970$46,398,481$2,444,469,916
99$3,065,482,905$135,738,932$47,580,897$2,692,158,361
100$3,377,778,512$142,006,491$48,791,208$2,965,045,736